CIBC Caribbean has announced it will discontinue its British pound sterling (GBP) cheque and bank draft services effective March 31, according to Antigua.news.
The decision marks a significant change for customers who rely on GBP-denominated payment instruments through the regional banking institution. Clients currently using these services are advised to make alternative arrangements ahead of the deadline.
The move reflects broader shifts in banking service offerings across the Caribbean, as financial institutions continue to streamline and modernise their product portfolios. Customers with outstanding GBP cheques or bank drafts are encouraged to contact CIBC Caribbean directly for guidance on how to manage any pending transactions before the cut-off date.
No further details regarding replacement services or transitional support measures were immediately available. Affected customers are urged to act promptly given the approaching deadline.
